Many Americans dream of retiring in sleepy beach towns with beautiful year-round weather. But that can be difficult to actually achieve — often for financial reasons. For example, if you want to retire in one of the following beach towns, your cost of living could be higher than $10,000 per month, according to a recent GOBankingRates study. That’s significantly more than the U.S. average of about $4,000.
However, you may be able to cut that figure down by reducing one particular expense. Read on to learn how .
Check Out: Cutting Expenses for Retirement? Here’s the No. 1 Thing To Get Rid of First
Read Next: 5 Subtly Genius Moves All Wealthy People Make With Their Money
Trending Now:
- Boomers Have the Wealth–Why Are Thousands Still Homeless ?
- Suze Orman’s Secret to a Wealthy Retirement–Have You Made This Money Move?
1. Seal Beach, California
- Median monthly living cost: $10,734
Seal Beach is an idyllic beach town in Orange County, California, with a population just under 25,000. The cost of living is high here because the average retiree has a monthly mortgage payment of $8,796. That means all other expenses average out to roughly $2,000 monthly.